Travelers Companies (NYSE:TRV) Given New $305.00 Price Target at Keefe, Bruyette & Woods

Travelers Companies (NYSE:TRV) had its target price raised by Keefe, Bruyette & Woods from $304.00 to $305.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

TRV has been the topic of several other reports. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research note on Friday. Piper Sandler boosted their price objective on Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays set a $313.00 price objective on Travelers Companies in a research note on Wednesday, October 8th. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research note on Friday. Finally, Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Trading Up 1.1%

Shares of TRV stock opened at $265.02 on Monday. Travelers Companies has a 12-month low of $230.23 and a 12-month high of $287.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $273.95 and its 200-day moving average price is $266.49. The stock has a market capitalization of $59.12 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm had revenue of $11.47 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the previous year, the firm posted $5.24 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts predict that Travelers Companies will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies’s payout ratio is presently 17.30%.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.46% of the company’s stock.

Institutional Trading of Travelers Companies

Large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $26,000. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the period. Missouri Trust & Investment Co lifted its holdings in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in Travelers Companies during the second quarter worth $27,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.